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Showing posts from September, 2017

BitConnect - Update

Earlier this month I talked about BitConnect.co and BitFinance.biz, two places that provided HYIP investment opportunities.  These are very high risk, but very high return "investment" plans (to use the term loosely). Shortly after writing that I put $10k into BitConnect and after less than a month I have already pulled out about $3600 in interest payments.  I chose BitConnect because it paid twice the daily rate that BitFinance paid.  I would have preferred to use BitFinance, and if I were looking to be more conservative I would have, but I couldn't pass up the 1%+ per day rate offered by BitConnect.  To me BitFinance would be preferable because BitConnect was already a couple years old and these HYIP programs tend to run their course in a few years or less.  That being said, one thing that sets BitConnect apart from all other HYIP's I've seen is they have a BitConnect Alt coin (BCC) to go along with their program and that coin has been performing very well

BitConnect - Big Risk, Big Reward

EDIT Oct 21st, 2017 - Note that BitFinance is no longer in business.  They were even worse than the typical HYIP scam in that they only lasted a month instead of several years.  As of this date they continue to collect money but they do not make payouts.  DO NOT DEPOSIT WITH THEM! I typically talk about different Crypto coins, particularly Alt coins, but for a change I am going to look at a couple different ways you can make money with Bitcoin.  In fact, what if I told you there is a way you can double your money in 3 months or less?  Sounds crazy, and maybe it is, but it is out there. As you know, Bitcoin itself is a risky investment.  Nobody knows where the price is going or how long it will be around.  Is it a flash in the  pan "bubble" or is it a true technological marvel that will change the way we look at currency from now on. I personally feel that Bitcoin, or more specifically "Blockchain", is a noteworthy invention that is here to stay.  What is the